How Big is the Mobile Game Industry?
The mobile game industry has experienced tremendous growth in recent years, with the global market size expected to continue its upward trajectory. According to a report by Precedence Research, the global mobile gaming market size was exhibited at USD 184.4 billion in 2022 and is expected to surpass USD 775.69 billion by 2032, with a CAGR of 15.5% between 2023 and 2032.
Global Mobile Gaming Market Size and Growth
| Year | Global Mobile Gaming Market Size (USD Billion) |
|---|---|
| 2022 | 184.4 |
| 2023 | 300.47 (expected) |
| 2032 | 775.69 (expected) |
CAGR (Compound Annual Growth Rate) 15.5% between 2023 and 2032
Mobile Gaming’s Share of the Gaming Market
Mobile gaming has become a significant player in the gaming industry, with its share of the global gaming market expected to continue to grow. According to a report by Statista, in 2021, mobile gaming accounted for 45% of the global gaming market, surpassing PC gaming and console gaming.
Mobile Gaming’s Share of the Gaming Market (2021)
| Platform | Market Share (%) |
|---|---|
| Mobile | 45% |
| PC | 34% |
| Console | 21% |
Average Spend on Mobile Games
New mobile gamers from the United States spent an average of $17.17 per month on mobile games, outspending new gamers across all other markets. According to a report by Data.ai, spending on mobile games declined last year as consumers got more frugal with their purchasing decisions in response to rising inflation.
Average Spend on Mobile Games (2021)
| Region | Average Monthly Spend (USD) |
|---|---|
| United States | $17.17 |
| Europe | $12.23 |
| Asia | $10.56 |
| Latin America | $8.45 |
Why Mobile Gaming is Taking Over
Mobile gaming’s popularity is due to its convenience and accessibility, offering a low-cost alternative to traditional gaming that anyone can enjoy. Mobile games are easy to download and can be played on the go, making them an ideal source of entertainment for people who are always on the move.
Why Mobile Gaming is Declining
Spending on mobile games declined last year as consumers got more frugal with their purchasing decisions in response to rising inflation, according to a report from app analytics firm Data.ai.
Top Mobile Games
Roblox has been awarded as the no. 1 mobile game, with more than 500 million downloads. Other top mobile games include PUBG Mobile, Fortnite, and Candy Crush Saga.
Conclusion
The mobile game industry is a significant and growing market, with a projected global market size of USD 775.69 billion by 2032. Mobile gaming’s convenience and accessibility have made it a popular choice for gamers worldwide, with its share of the global gaming market expected to continue to grow. However, spending on mobile games declined last year as consumers got more frugal with their purchasing decisions in response to rising inflation.
References
- Precedence Research: Global Mobile Gaming Market Size, Share & Trends Analysis Report by Platform (iOS, Android), by Genre (Action, Adventure, Arcade, etc.), by Region, and Segment Forecasts, 2023 – 2032
- Statista: Global gaming market share by platform 2021
- Data.ai: Mobile Games Spend Declines as Consumers Cut Back Amid Inflation
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